Amendments to NI 25-101 Designated Rating Organizations Relating to the Short-term Debt Prospectus Exemption and Short-term Securitized Products

AMENDMENTS TO NATIONAL INSTRUMENT 25-101
DESIGNATED RATING ORGANIZATIONS

1. National Instrument 25-101 Designated Rating Organizations is amended by this Instrument.

2. Section 1 is amended,

(a) in the definition of "related entity", by striking out "securitized product" and substituting "structured finance product", in both instances, and

(b) by striking out the defined term "securitized product" and substituting "structured finance product".

3. The following provisions of Appendix A are amended by striking out "securitized product" and substituting "structured finance product":

(a) section 2.9, in both instances;

(b) section 2.19;

(c) section 2.22, in both instances.

4. Appendix A is amended in section 4.5 by striking out "securitized product" and substituting "structured finance product" and by,

(a) in paragraph (a), striking out "securitized product" and substituting "structured finance product", in both instances, and

(b) in paragraph (b), striking out "securitized products" and substituting "structured finance products".

5. Appendix A is amended in sections 4.7 and 4.9 by striking out "securitized products" and substituting "structured finance products".

6. This Instrument comes into force on May 5, 2015.